AMENDMENT NO. 6 TO RECEIVABLES SALE AGREEMENT
Exhibit 10(d)
Execution Copy
THIS AMENDMENT NO. 6 TO RECEIVABLES SALE AGREEMENT (this “Amendment”) dated as of
April 20, 2010, is entered into among CONSUMERS RECEIVABLES FUNDING II, LLC (“Buyer”) and
CONSUMERS ENERGY COMPANY (“Originator”). Capitalized terms used herein without definition
shall have the meanings ascribed thereto in the “Receivables Sale Agreement” referred to below.
PRELIMINARY STATEMENTS
A. Reference is made to that certain Receivables Sale Agreement dated as of May 22, 2003
between Buyer and Originator (as amended prior to the date hereof, as amended hereby and as the
same may be further amended, restated, supplemented or modified from time to time, the
“Receivables Sale Agreement”).
B. The parties hereto have agreed to amend certain provisions of the Receivables Sale
Agreement upon the terms and conditions set forth herein.
SECTION 1. Amendments. Subject to the satisfaction of the condition precedent set
forth in Section 3 hereof, the parties hereto hereby agree to amend the Receivables Sale
Agreement as follows:
(a) Exhibit III to the Receivables Sale Agreement is hereby replaced in its
entirety with the Exhibit III attached hereto.
SECTION 2. Representations and Warranties. The Originator hereby represents and
warrants to Buyer and its assigns that:
(a) this Amendment constitutes its legal, valid and binding obligation, enforceable
against it in accordance with its terms; and
(b) on the date hereof, before and after giving effect to this Amendment, no
Termination Event or Potential Termination Event has occurred and is continuing.
SECTION 3. Conditions Precedent. This Amendment shall become effective on the first
Business Day (the “Effective Date”) on which Buyer and the Administrative Agent or its
counsel has received four (4) counterpart signature pages to this Amendment, executed by each of
the parties hereto.
SECTION 4. Reference to and Effect on the Transaction Documents.
(a) Upon the effectiveness of this Amendment, (i) each reference in the Receivables
Sale Agreement to “this Receivables Sale Agreement”, “this Agreement”, “hereunder”,
“hereof”, “herein” or words of like import shall mean and be a reference to
the Receivables Sale Agreement as amended or otherwise modified hereby, and (ii) each
reference to the Receivables Sale Agreement in any other Transaction Document or any other
document, instrument or agreement executed and/or delivered in connection therewith, shall
mean and be a reference to the Receivables Sale Agreement as amended or otherwise modified
hereby.
(b) Except as specifically amended, terminated or otherwise modified above, the terms
and conditions of the Receivables Sale Agreement, of all other Transaction Documents and any
other documents, instruments and agreements executed and/or delivered in connection
therewith, shall remain in full force and effect and are hereby ratified and confirmed.
(c) The execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of Buyer or its assigns under the Receivables Sale
Agreement or any other Transaction Document or any other document, instrument or agreement
executed in connection therewith, nor constitute a waiver of any provision contained
therein. Buyer and its assigns hereby expressly reserve all of their rights with respect to
the occurrence of other Termination Events, if any, whether previously existing or
hereinafter arising or which exist at any time on or after the date first written above.
SECTION 5. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which taken together shall
constitute but one and the same instrument. Delivery of an executed counterpart of a signature
page to this Amendment by telecopier shall be effective as delivery of a manually executed
counterpart of this Amendment.
SECTION 6. Governing Law. THIS AGREEMENT SHALL BE GOVERNED AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING, WITHOUT LIMITATION, SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAW OF NEW YORK, BUT OTHERWISE WITHOUT REGARD TO THE LAW OF CONFLICTS) OF THE STATE OF
NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.
SECTION 7. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment for any other
purpose.
[Remainder of Page Deliberately Left Blank]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their
respective officers as of the date first above written.
CONSUMERS RECEIVABLES FUNDING II, LLC |
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By: | /s/ Xxxxx X. Xxxxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxxxx | |||
Title: | President, Chief Executive Officer, Chief Financial Officer and Treasurer | |||
CONSUMERS ENERGY COMPANY |
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By: | /s/ Xxxxx X. Xxxxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxxxx | |||
Title: | Vice President and Treasurer | |||
Signature Page to Amendment No. 6 to RSA
Consented to by: FALCON ASSET SECURITIZATION COMPANY LLC |
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By: | JPMorgan Chase Bank, N.A., its attorney-in-fact | |||
By: | /s/ Xxxxxxx Xxxxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxxxx | |||
Title: | Vice President | |||
JPMORGAN CHASE BANK, N.A., as a
Financial Institution and Administrative Agent |
||||
By: | /s/ Xxxxxxx Xxxxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxxxx | |||
Title: | Vice President | |||
Signature Page to Amendment No. 6 to RSA
EXHIBIT III
NAMES OF COLLECTION BANKS; COLLECTION ACCOUNTS; LOCK-BOXES
XX Xxxxxx Xxxxx Bank
000 Xxxxxx, XX0-X000
Xxxxxxx, XX 00000
Contact: Xxxx Xxxx
Phone: 000-000-0000
Collection Account: 0000000
000 Xxxxxx, XX0-X000
Xxxxxxx, XX 00000
Contact: Xxxx Xxxx
Phone: 000-000-0000
Collection Account: 0000000
Comerica Bank
000 Xxxxxxxx Xxxxxx, 0xx Xxxxx, XX0000
Xxxxxxx, XX 00000
Contact: Xxxxxx XxXxxxx
Phone: 000-000-0000
Collection Account: 1076119914
000 Xxxxxxxx Xxxxxx, 0xx Xxxxx, XX0000
Xxxxxxx, XX 00000
Contact: Xxxxxx XxXxxxx
Phone: 000-000-0000
Collection Account: 1076119914
Bank of America
000 X Xxxxxxx Xx, Xxxxx 0000
Xxxxxxx, XX 00000
Contact: Xxxxxxxxx Xxxxxx
Phone: 800-699-7188 ext. 49452
Specified Accounts: 4825285820
Collection Account: 1054516142
000 X Xxxxxxx Xx, Xxxxx 0000
Xxxxxxx, XX 00000
Contact: Xxxxxxxxx Xxxxxx
Phone: 800-699-7188 ext. 49452
Specified Accounts: 4825285820
Collection Account: 1054516142
Wachovia Bank
00000 Xxxxxxxx Xxxx Xxxx — XX0000
Xxxxx Xxxxxxxx, 0xx Xxxxx
Xxxxxxxxxxxx, XX 00000
Contact: Xxxxx Xxxxx
Phone: 000-000-0000 team 662 ext. 4
Collection Account: 2000032635920
00000 Xxxxxxxx Xxxx Xxxx — XX0000
Xxxxx Xxxxxxxx, 0xx Xxxxx
Xxxxxxxxxxxx, XX 00000
Contact: Xxxxx Xxxxx
Phone: 000-000-0000 team 662 ext. 4
Collection Account: 2000032635920
Lock-Box Zip Code:
Xxxxxxx, XX 00000-0000
Xxxxxxx, XX 00000-0000
PNC Bank, National Association
000 Xxxxxxx Xxxxxx
Xxxxxxxxxx, XX 00000
Contact: Xxxx Xxxxxxx
Phone: 000-000-0000
Specified Account:4006909862
000 Xxxxxxx Xxxxxx
Xxxxxxxxxx, XX 00000
Contact: Xxxx Xxxxxxx
Phone: 000-000-0000
Specified Account:4006909862
EXHIBIT III
NAMES OF COLLECTION BANKS; COLLECTION ACCOUNTS; LOCK-BOXES (continued)
Fifth Third Bank
710 Seminole Rd MD X00000
Xxxxxx Xxxxxx, XX 00000
Contact: Xxxxx Xxxxxxx, VP & Relationship Manager
Phone: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx.xxxxxxx@00.xxx; XxxxxxxxxxXxxxxxx@00.xxx
Specified Account: 7164496916
710 Seminole Rd MD X00000
Xxxxxx Xxxxxx, XX 00000
Contact: Xxxxx Xxxxxxx, VP & Relationship Manager
Phone: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx.xxxxxxx@00.xxx; XxxxxxxxxxXxxxxxx@00.xxx
Specified Account: 7164496916